Hamline News

Alumnus Appointed Governor of People’s Bank of China

Alumnus Yi Gang ‘82 was appointed as the Governor of the People’s Bank of China. Much like the United States Federal Reserve, the People’s Bank of China is the central bank of the country that regulates the financial industry. Yi is the first new appointment to lead the bank in more than 15 years.

Yi came to Hamline as a student through an early exchange agreement with Peking University, China’s top-ranked university. The pioneering exchange brought students to Hamline from among the first cohorts of Chinese students to attend college following China’s Cultural Revolution (1966-1976). Today, many of the students from those early years of US-China exchanges are in leadership positions across China.

While at Hamline, Yi studied economics. The department at the time was led by Roger Walker and consisted of professors Robert Gunderson, Chung-Tai Lu, and William Williams. Professor Beth Gunderson, currently serving as the associate dean for academic affairs in the Hamline School of Business, joined the economics department the year before Yi graduated. 

Following his graduation from Hamline, Yi went on to earn his master’s and doctorate degrees in economics from the University of Illinois. He then taught at Indiana University – Purdue University Indianapolis until he returned to China in 1994.

You can learn about Yi and his time in the United States on Bloomberg, Fortune, and CNN Money.